U.S. Jobless Claims at 350,000 for Oct. 19 Week (Video)

Oct. 24 (Bloomberg) -- More Americans than forecast filed applications for unemployment benefits last week as California continued to work through a backlog. Jobless claims decreased by 12,000 to 350,000 in the week ended Oct. 19 from a revised 362,000 in the prior period, a Labor Department report showed today in Washington. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)